Gas Implodes
Natural gas [NGZ9>NGZ9] gapped down and traded straight through a double bottom, falling to a three-month low. The December contract lost.219 to 2.665, or 7.6%.
Other energy contracts went the other way. Crude oil [CLZ9>CLZ9] rose .27 to 23.27 and unleaded gas [HUZ9>HUZ9] gained .0059 to .6505.
December T-bonds [USZ9>USZ9] traded within a narrow range and ended 5/32 higher at 114 15/32.
Stock index futures finished mixed. From the Momentum-5 List,
NASDAQ 100 futures [NDZ9>NDZ9] gained 25.00 to 2808.00. December Dow futures [DJZ9>DJZ9] and December S&P futures [SPZ9>SPZ9] gapped lower and struggled back to the break-even level before closing down 20 and 1.40, respectively.
December dollar index futures [DXZ9>DXZ9] rose .09 to 100.24. Japanese yen [JYZ9>JYZ9], from the Pullback Off Highs List, also posted a solid gain to close near its high of the day, closing .0077 higher at .9558.
December British pounds [BPZ9>BPZ9] fell as many as .0054 to a new 20-day low of 1.6144, but recovered to end down just two ticks on the day at 1.6196.
December silver [SIZ9>SIZ9] followed through on its big drop on Friday, falling another 3.2 to close at a four-month low of 505.3.
The grains ended mostly higher. December wheat [WZ9>WZ9] rose 2 3/4 to 258 3/4.
Pork contracts rallied and closed on their highs of the day. December lean hogs [LHZ9>LHZ9] gained 1.050 to 46.600 and February pork bellies [PBG0>PBG0] gained 1.6775 to 65.075.
In the softs, coffee [KCZ9>KCZ9] gained on news that dry weather in Brazil would effect the crop. The December contract rallied as many as 10 points before settling up 5.95 at 110.90. December cocoa [CCZ9>CCZ9], from the Implosion-5 List,
fell 24 to a new life-of-contract low of 806 on a good harvest forecast from West Africa. Also from the Implosion-5 List, March sugar [SBH0>SBH0] fell .12 to close at 6.88.
Finally, November orange juice [OJF0>OJF0], another Momentum-5 contract, continues to look strong, posting a gain of 1.80 today to end at 94.00.